Lively, Inc.

livelyme.com →

+16%

est. 2Y upside i

FinTechHealthcareSeries C

Modern employee benefits & health savings account (HSA) provider

Rank

#1691

Sector

Fintech, Healthtech

Est. Liquidity

~3Y

Data Quality

Data: Low

Lively offers moderate expected upside (16%) over 2 years, driven by exceptional growth but tempered by high incumbent risk and a severe preference stack (40.5% of valuation).

Last updated: July 19, 2026

Bull (20%)+160%

IPO window opens by 2027, multiple holds at 18x on $69M revenue forecast. Category leadership in HSA tech drives expansion, delivering 2.6x return net of 20% dilution.

Base (40%)+26%

Multiple converges to public comp range of 7x on $69M revenue. Growth moderates to ~80% YoY. Net return after 20% dilution is 26%.

Bear (40%)-67%

Multiple compresses to 3x, exit value $207M. Preference stack absorbs $147M, leaving $60M for common, a 83% loss before 20% dilution. Incumbent competition intensifies.

Est. time to liquidity~2.5 years

Preference Stack Risk

severe

Funding Intensity

4050%

Total preferred funding of $147M represents 40.5% of current $363M valuation, creating severe overhang for common stock in a downside exit.

Dilution Risk

moderate

No raise in over 4 years increases likelihood of a dilutive round within 24 months; assume 20% dilution.

Secondary Liquidity

moderate

Secondary market exists (source of current valuation), but employee access to tenders is limited and likely restricted until a liquidity event.

View all 15 open roles at Lively, Inc. →

Last updated: July 3, 2026

Questions to Ask at the Interview

Strategic questions based on Lively, Inc.'s data — designed to show you've done your homework.

  • 1

    “How does Lively plan to differentiate from HealthEquity and Fidelity given their resources?”

  • 2

    “What is the revenue split between subscription fees and investment management fees?”

  • 3

    “What is the expected timeline to an IPO and what would trigger secondary liquidity for employees?”

Community

Valuation Sentiment

Our model estimates +16% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.